Search found 29 matches

by squidfather
Wed Oct 10, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity treasury money market (FZFXX) subject to state tax?
Replies: 10
Views: 953

Re: Fidelity treasury money market (FZFXX) subject to state tax?

If you want to chase fractions to close the gap even further, last year 60.16% of SPAXX dividends would have been exempt from state tax, compared to 53.65% of FZFXX dividends. I did the math on this one - based on the current 7 day compound yield (1.79% for FZFXX vs 1.78% for SPAXX) and my state ta...
by squidfather
Wed Oct 10, 2018 7:08 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity treasury money market (FZFXX) subject to state tax?
Replies: 10
Views: 953

Re: Fidelity treasury money market (FZFXX) subject to state tax?

Just curious. Why not purchase Treasury Bonds directly? Yesterdays auction for a 4 week was 2.168%. As the other reply stated, this is for the core position in a brokerage account that I use for short term savings (estimated taxes), emergency fund and as a backup account for my cash management. The...
by squidfather
Tue Oct 09, 2018 7:50 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity treasury money market (FZFXX) subject to state tax?
Replies: 10
Views: 953

Re: Fidelity treasury money market (FZFXX) subject to state tax?

Perfect, thank you. That is exactly the page I was (fruitlessly) searching for.
by squidfather
Tue Oct 09, 2018 7:32 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity treasury money market (FZFXX) subject to state tax?
Replies: 10
Views: 953

Fidelity treasury money market (FZFXX) subject to state tax?

I've spent some time searching, and can't seem to get a straight answer on this. Does anyone know if the Fidelity treasury money market (FZFXX), which is one of the core position options in Fidelity brokerage accounts, is subject to state tax? I live in MA, which notes that income received from "gov...
by squidfather
Thu May 24, 2018 9:50 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate
Replies: 67
Views: 4764

Re: TIAA Real Estate

"As a general rule of thumb, the more complexity that exists in a Wall Street creation, the faster and farther investors should run.” –- David Swensen Interestingly, TIAA Real Estate is one of the investments that David Swensen specifically recommends in his book "Unconventional Success" as a good ...
by squidfather
Fri May 18, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Renting storage unit
Replies: 24
Views: 2069

Re: Renting storage unit

I live in a small-ish apartment and got a storage unit a couple years back. The only reason it's really worth it is that I can store infrequently used items (seasonal stuff, luggage, travel car seat for the kids) that I just didn't have space for, but still need to get to once a month or so. I also ...
by squidfather
Thu May 17, 2018 8:59 am
Forum: Personal Consumer Issues
Topic: Microsoft adding stock quote functionality to Excel
Replies: 12
Views: 3876

Re: Microsoft adding stock quote functionality to Excel

This functionality is actually present now in Apple's Numbers, I didn't know that excel didn't have it yet. I've found, when it comes to personal finance at least, that Numbers provides everything I need in an interface I prefer. Of course you have to use a mac, and that's a whole other conversation...
by squidfather
Wed May 16, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity CMA + MMF vs. online credit union
Replies: 24
Views: 1997

Re: Fidelity CMA + MMF vs. online credit union

I'm doing this, there are two options. I've tested both of these approaches: 1. Fidelity CMA with cash position and MM fund (SPAXX or SPRXX). When the cash position is depleted, Fidelity automatically liquidates shares from the MM funds to cover transactions. It's a simple "all in one" checking + e...
by squidfather
Wed May 16, 2018 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity CMA + MMF vs. online credit union
Replies: 24
Views: 1997

Re: Fidelity CMA + MMF vs. online credit union

Closing Alliant is fine. But sometimes having a brick and mortar bank account is useful. Do you have a local Fidelity office? I'm in Boston, so there are many local Fidelity offices, including closer to work than BofA, and just down the road from the new place. I know they don't have as many servic...
by squidfather
Wed May 16, 2018 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity CMA + MMF vs. online credit union
Replies: 24
Views: 1997

Re: Fidelity CMA + MMF vs. online credit union

indexfundfan wrote:
Wed May 16, 2018 8:27 am
I think OP is planning to close Alliant. OP already has account at Fidelity.
Correct, I already have fidelity and I'm tied there through work retirement accounts and Massachusetts 529s. The plan would be to close the BofA and Alliant accounts.
by squidfather
Wed May 16, 2018 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity CMA + MMF vs. online credit union
Replies: 24
Views: 1997

Fidelity CMA + MMF vs. online credit union

My current banking situation is a bit of a mess and I'm looking to simplify things. Wanted to see if others have taken a similar approach and how it is working out. Currently we have checking accounts at BofA (wife single, and a joint) and Alliant Credit Union (my single), with savings at Alliant. W...
by squidfather
Mon May 14, 2018 7:02 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Calif Municipal MMF vs. Fidelity Calif AMT Tax-Free MMF
Replies: 6
Views: 663

Re: Vanguard Calif Municipal MMF vs. Fidelity Calif AMT Tax-Free MMF

While doing some recent comparisons between prime money market and Fidelity's MA muni MMF, I noticed that Fidelity reports yields in sort of a strange way. The current summary page shows the 7-day yield as of 4/30, but if you click over to the "Performance and Risk" tab you'll get a daily updated nu...
by squidfather
Fri May 11, 2018 8:16 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate
Replies: 67
Views: 4764

Re: TIAA Real Estate

I personally do not invest in TIAA Real Estate now. I did long time ago and I observed that it moved in a way similar to the stock market during the Great Recession. So I replaced it with an equity index fund. And in 2001-2002, TIAA real estate continued it's steady march while equities fell. I thi...
by squidfather
Fri May 11, 2018 7:43 am
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate
Replies: 67
Views: 4764

Re: TIAA Real Estate

TREA's expense ratio includes only the investment costs of the portfolio. It does not include the costs of managing the real estate. Those are reported separately, above the line. Expense charges per Accumulation Unit and the Ratio of Expenses to average net assets reflect the year to date Account ...
by squidfather
Thu May 10, 2018 7:41 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Real Estate
Replies: 67
Views: 4764

Re: TIAA Real Estate

I have about 10% of my portfolio in TIAA real estate. I view it as a mix between fixed income and equity, and see it's main benefit as having a lower correlation with equities than a typical REIT. The ER is high, but as I understand it, this includes all costs of managing the properties while in a t...
by squidfather
Sat Apr 28, 2018 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Company has Fidelity...Is Brokeragelink good or bad?
Replies: 27
Views: 2078

Re: Company has Fidelity...Is Brokeragelink good or bad?

Just be sure that there aren't limits on what you can do with Brokeragelink. I just about signed up, only to discover that I can't buy ETFs, and the available mutual funds didn't add much to what was already available in my plan (but my plan gives access to institutional class vanguard index funds, ...
by squidfather
Sun Apr 22, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Best CashBack creditCard with no foreign transaction fee.
Replies: 23
Views: 2913

Re: Best CashBack creditCard with no foreign transaction fee.

The Alliant Visa Signature is 3% cash back and no annual fee the first year, then 2.5% cash back with a $59 fee starting year 2. No FTF. You have to have an Alliant Credit Union account, but easy enough to join and they have great checking (instant ATM fee rebates) and savings (currently 1.45%). I u...
by squidfather
Thu Apr 19, 2018 10:48 am
Forum: Personal Consumer Issues
Topic: What does a typical homeowners insurance policy have?
Replies: 15
Views: 2048

Re: What does a typical homeowners insurance policy have?

I'm going through this as well. Not for the first time, but for the first time in a while after renting for the past 10 years or so. Your insurance company will determine what they consider to be the full replacement cost. In my case, they seem to feel the replacement cost is more than the purchase ...
by squidfather
Thu Apr 12, 2018 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k vs SEP vs backdoor Roth
Replies: 5
Views: 326

Re: Solo 401k vs SEP vs backdoor Roth

Spirit Rider wrote:
Thu Apr 12, 2018 10:33 am
This is contrary to Schwab's Individual plan document and the reports of several forum members.
Which part? The no IRA rollover part or the allowed 401k rollover? If the former, then good news, and I must have just missed it. Happy to be wrong about that.
by squidfather
Thu Apr 12, 2018 8:53 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k vs SEP vs backdoor Roth
Replies: 5
Views: 326

Re: Solo 401k vs SEP vs backdoor Roth

Thanks for the quick response. I'll likely go with Schwab, as I'm thinking of moving to their checking product. This account would usually get < $2k / year, so ETFs seem like the best (lowest-fee) option, and I'm happy with the choices at Schwab. Downside is they don't allow incoming IRA rollovers (...
by squidfather
Thu Apr 12, 2018 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Solo 401k vs SEP vs backdoor Roth
Replies: 5
Views: 326

Solo 401k vs SEP vs backdoor Roth

We're starting to have more and more self-employment income, which is making me think about how to best invest some of it in the most tax-advantageous way. It still isn't a huge amount, but will probably be ~$10k this year. The plan would be to max out 403b plans at work (both wife and I have access...
by squidfather
Sat Apr 07, 2018 8:45 pm
Forum: Investing - Help with Personal Investments
Topic: If you want an actively managed fund, which one would you use?
Replies: 70
Views: 6516

Re: If you want an actively managed fund, which one would you use?

I have the vanguard PRIMECAP fund, but I'm early in the accumulating phase, so it makes sense. I have vanguard S&P 500, extended market and total international too, so I'm more index than active, but I like what PRIMECAP is doing, so I'll keep it. Does TIAA Real Estate count as active? I suppose it ...
by squidfather
Sat Apr 07, 2018 8:41 am
Forum: Investing - Help with Personal Investments
Topic: Current Thinking About TIAA Real Estate?
Replies: 18
Views: 2168

Re: Current Thinking About TIAA Real Estate?

I recently discovered I have access to TREA through my 403(b) at work (Fidelity primarily manages the account, but we have the option to divert some contributions to TIAA). I've been sending new contributions that way to get me to about 10% of my portfolio. Having done a bunch of reading at Mornings...
by squidfather
Thu Apr 05, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Who uses Schwab and what are the up and downsides?
Replies: 41
Views: 3722

Re: Who uses Schwab and what are the up and downsides?

Thanks, squidfather. If someone wanted to use SWISX in a three fund portfolio as their international component, would it be somewhat akin to using an S&P500 index fund instead of a total US stock market index for the US portion? That is...probably "close enough" to use by itself? I guess the answer...
by squidfather
Thu Apr 05, 2018 9:19 am
Forum: Investing - Help with Personal Investments
Topic: Who uses Schwab and what are the up and downsides?
Replies: 41
Views: 3722

Re: Who uses Schwab and what are the up and downsides?

trueblueky, why do you have to use three ETF to get international at Schwab? Is their SWISX not as complete of an international index fund as Vanguard's VGTSX? Thanks! I'm not trublueky, but I had this question as well, so I looked it up. SWISX is really just a large-cap developed market fund, whil...
by squidfather
Wed Mar 28, 2018 4:08 pm
Forum: Investing - Theory, News & General
Topic: Should I be worried about the S&P Index fund ?
Replies: 51
Views: 6929

Re: Should I be worried about the S&P Index fund ?

I agree with this somewhat (although you leave out Apple), and it's part of what motivated me to move part of my large cap allocation into PRIMECAP (VPMAX). VPMAX still includes Microsoft and Google, but mixing this with an S&P 500 fund reduces my relative position in Facebook, Apple, Netflix, Amazo...
by squidfather
Mon Mar 26, 2018 9:36 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Critique - Cash balance as fixed income? How much PRIMECAP?
Replies: 7
Views: 862

Re: Portfolio Critique - Cash balance as fixed income? How much PRIMECAP?

It would appear based on the data since 2002 that one would be an idiot not to invest all of one's stock allocation in VPMAX. Yes, of course past performance does not predict future results. And yes, this forum is about index investing. But part of the reason active funds underperform is due to hig...
by squidfather
Mon Mar 26, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Critique - Cash balance as fixed income? How much PRIMECAP?
Replies: 7
Views: 862

Re: Portfolio Critique - Cash balance as fixed income? How much PRIMECAP?

Normally a cash balance plan is fixed income. I guess you need to read carefully for any "gotcha" details regarding exactly where the money is kept and the terms on which you can withdraw money from the plan, probably at retirement or at separation from employment, voluntary or not. I don't underst...
by squidfather
Mon Mar 26, 2018 9:13 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Critique - Cash balance as fixed income? How much PRIMECAP?
Replies: 7
Views: 862

Portfolio Critique - Cash balance as fixed income? How much PRIMECAP?

Hoping for some critique/suggestions for my portfolio. Wife and I are both physicians, now ~2 years out of completing training. As a result, we are behind on our retirement savings, but starting to get things in line. We had everything in target date funds previously as I preferred not to think abou...